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The Best Places to Invest in Buy-to-let in Nottingham

22nd Feb 2021

Category: Property advice

Tagged:Comfort Recommends, Nottingham Areas, Area Guide, Investment Nottingham

A vibrant city with booming local communities and higher than average rental yields, Nottingham makes a perfect location to invest in buy-to-let. Take a look at our guide for the best areas of Nottingham to invest in for buy-to-let and developers.

City Centre:

The NG1 area reportedly has the highest rental yield in the country, so it's easy to see why investors flood to this area. Nottingham's city centre is vibrant and booming, with plenty of shops, bars and restaurants driving tenants to the area. We particularly love the Hockley and Lace Market area. Steeped in history and with everything you need right on your door step it’s easy to see why this is a popular area to live in Nottingham. Hockley and the Lace Market provide city centre living at its very finest. The area is one of the most important historic areas of Nottingham. Once the home of Nottingham’s world-renowned lace industry, you will now find the picturesque streets full of an eclectic mix of bars and restaurants, vintage boutiques and creative businesses. Beautiful architecture abounds in the form of grand red brick warehouses and ex lace factories. Properties in the area are mainly apartments and often benefit from original and unique features such as beautiful exposed bricks and Georgian windows. It's a great place to consider investing in if you've got a smaller budget and are looking for a flat or apartment. For an in depth guide to Hockley and Lace Market click here.

Lenton:

Lenton is prime student stomping ground. Just a 20 minute walk or 10 minute bus journey will see you in to the city centre. The area is well serviced by Sainsbury's local, Tesco Express and a larger Sainsbury's and gym at Castle Marina. If you’re looking for a quieter spot, try the pretty streets of Old Lenton, which are still well connected to the city via the Gregory Street tram stop. Properties here are mainly terraced or semi-detached homes and there are fantastic opportunities for HMO investors.

Beeston:

Beeston has a strong reputation as a destination for Nottingham families, but it’s becoming more and more popular amongst young professionals. The area is well connected to the city centre by the tram and bus networks, but also has a life of its own. The busy high street is packed with local shops and fantastic places to eat, and a thriving cafe scene means there are plenty of places to catch up with friends over a brew. Regular local events such as quiz nights, sports clubs and festivals give plenty of life to the area and make it an exciting and vibrant place to live. You’ll find a mixture of different property types here, however particularly closer to the high street it’s mostly terraced homes. For an in depth guide to Beeston click here.

Mapperley:

Mapperley is a large area of Nottingham and has several distinct neighbourhoods within it: Mapperley, Mapperley Plains and Mapperley Park. More affordable than the Park area and with plenty of local amenities and transport links it makes a great option for investors looking to appeal to a range of potential tenant types. It's also well connected with easy access to the countryside north of the city, including the famous Sherwood Forest. For an in depth guide to Mapperley click here.

Sneinton

You might be surprised to see Sneinton on our list but with lower than average prices for the area, the right property in Sneinton could achieve fantastic rental yields. Sneinton is situated close to the city centre, has a thriving historic market and is a popular location for young professionals working in the City. There are plenty of properties ripe for development in the area... we recently helped one of our landlords to develop an old MOT garage in Sneinton in to two fantatic apartments, plus a 6 bed HMO. You can check out the development here.

Lindsay

Lettings Manager (NFOPP Level 3)

Life-long Nottingham resident Lindsay previously worked as a Senior Negotiator at a fast-paced, multi-branch letting agency. She is fantastically skilled in all aspects of the lettings process and great at building relationships with our landlords. She is excited to dive into her new role as Lettings Manager and has recently completed the Technical Award Level 3 in Residential Lettings and Property Management with ARLA Propertymark.

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